INCOME TAXES |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| INCOME TAXES [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| INCOME TAXES |
13.
INCOME TAXES
The
Company uses the estimated annual effective tax rate approach as prescribed by
ASC 740-270, Interim Reporting, to
calculate its interim provision for income taxes.
The
effective tax rate for the three and six months ended June 30, 2026 differed
from the federal statutory rate primarily due to the excess tax benefits on
stock-based compensation. The effective tax rate for the three and six months
ended June 30, 2025 differed from the federal statutory tax rate primarily due
to the valuation allowance maintained on the Company's federal and state net
deferred tax assets until December 31, 2025.
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